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lana66690 [7]
3 years ago
15

What is it called when banks record which account gives up money and which account receives money when a customer writes a check

? net worth the discount rate the federal funds rate check clearing
Business
1 answer:
Nutka1998 [239]3 years ago
3 0

Answer:

check clearing

Explanation:

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Relevant information for Material A is as follows:
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Answer:

Direct Material Quantity Variance = $2,000 Unfavorable

Explanation:

For the provided information we have,

Actual quantity used = 6,500 lbs

Standard quantity allowed for actual production = 6,000 lbs

Actual price = $3.80

Standard price = $4.00

Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) \times Standard Price

= (6,000 lbs - 6,500 lbs) \times $4.00

= - $2,000

As we can see that actual quantity used is more than the allowed standard quantity, thus, the variance is unfavorable.

Direct Material Quantity Variance = $2,000 Unfavorable

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